November 2019

1. Message from the President

2. IRMSA News

3. IRMSA Membership

4. IRMSA Events

5. Featured Article

6. IRMSA Training

7. IRMSA Careers

8. IRMSA Professionalisation

Dear IRMSA Members

2019 IRMSA Awards & Gala Dinner

IRMSA would like to congratulate all award winners who were

honoured at the IRMSA Annual Awards and Gala Dinner held on

1 November 2019 at Gallagher Convention Centre in

Johannesburg.

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It is that time of year again! Where everything feels rushed and

compressed, the time of year where diary slots are filled to

capacity and you can’t wait for a moment to just catch a breath.

As South Africans of course we started the month, holding our

collective breaths, enabling us to shout in celebration when the

final whistle blew on the other side of the world. And just for a

beautiful, frozen moment, we all remembered the joy of being a

proud nation. And more so when we heard the post-match

interviews – where our sporting heroes, displayed some of the

best qualities that make us South Africans- Humility, Gratitude

and Focus on getting things done despite what the world may

think.

Of course, the end of November also comes with an obsession

with commercialism and the phenomenon of FOMO– as a

colleague of retailers, I won’t knock the obsession, but would

encourage us to spend a bit of time on the spirit of the day before

black Friday, where people give thanks for the year that was. A

number of recent articles speak about the current dissonance we

live with. We are currently living in a time where we have the

opportunity to experience one of the highest quality of life

standards in the modern age and yet we have never been

unhappier. There are many theories about why we find ourselves

in this quandary, but a common theme is that we are trying to find

external validations for happiness benchmarks, often not

appreciating the present and how fortunate we are for what we

do have.

I am particularly thankful for the professional colleagues I get to

spend my time with. Colleagues, who deploy their skills and time,

often mentoring and sharing their expertise without expecting

something in return. I think it relates to a conversation I had with

one of our underwriters recently. In our profession, when you do it

well, it is not uncommon to go underappreciated for the value it

adds.

Our everyday roles require us to act as seers and doomsayers

(without creating panic) and then ensuring that the likelihood of

those scenarios are reduced. And then when something does

happen ensuring that the impact of the event can be absorbed

with just a little bit of extra work, a slight blip on the organisational

monitor. Great risk managers are often unspoken heroes, just

going about their days ensuring organisational value

preservation. So it was with great pleasure that we were able to

celebrate our risk management heroes during our latest awards

dinner. Well-deserved congratulations to all our nominees and

winners, I know that you will continue adding value and be

shining examples to all that follow.

So amidst the full diaries and rushed last minute to do lists – I

wish you all a moment to reflect on the many near misses you

2019 IRMSA Internship Programme

Cruywagen-IRMSA Risk Management Interns

In October, IRMSA hosted four interns: Katlego

Makwea, Mathilda Chueu, Rapotsanyane Mohami and Refiloe

Mokoena for our annual Cruywagen-IRMSA Risk Management

Internship which took place at:

Royal Bafokeng Platinum

Old Mutual Insure

Standard Bank

AIG

Vodacom

prevented, or the processes you implemented and the focus you

have on just getting things done.

Wishing you a good rest over the December break and safe

travels,

Yours in risk,

Berenice

President, Institute of Risk Management South Africa

Aiports Company South Africa

We would like to thank these organisations for hosting the four

interns during their two week programme. The host

organisations provided insight, advice, mentorship and

coaching, thus handsomely benefitting our interns.

2019 Fees

Please ensure that your current membership fees have been

settled and proof of payment sent to robertag@irmsa.org.za. You

will not be emailed your renewal invoice if the current year’s fees

are still outstanding.

2020 Fees

Membership fees for the 2020 year will be communicated to

members during the course of November – for budget purposes

only. Invoices will be issued in January/February 2020.

Corporate Packages:

Effective immediately, IRMSA is no longer accepting manual

credit card authorisations. Please ensure to settle any

outstanding invoices direct from your profile and the online

payment portal. Alternatively, payments can be made via EFT.

Click here to view the step by step instructions. Alternatively,

payments can be made via EFT.

For more information and to secure your advertising

space contact Valerie Pillay on valeriep@irmsa.org.za in the

2020 Risk Report.

CLICK HERE TO VIEW CORPORATE PACKAGERATES AND DETAILS

CLICK HERE TO VIEW THE FULL LIST OF MEMBERBENEFITS

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Earlier this year, we launched the IRMSA Corporate Package

offerings to members. These packages provide substantial

discounts on risk support services , training sessions and

membership.

To view full package details and costings, please click here.

Member Benefits

IRMSA provides many benefits to its members, such as relevant

and practical training programmes at members rates, technical

guidance and support, corporate packages, member only access

to the Technical library and career portal as well as discounted

rates for events and free attendance for our breakfast

presentations. The breakfast events and other events serve as

fruitful networking opportunities and learning platforms for our

members.

Have you viewed this superb offering yet? As a member, you

receive 8% off selected BMW models. Click here for the full T’s

and C’s!

IRMSA CPD

KwaZulu-Natal Regional Risk Summit

11 December 2019 - Durban Country Club

This year’s summit will include an exciting line-up of industry

experts who will share their knowledge on the various topics

top of mind for all the business leaders and risk professionals in

KZN. We will unpack the risks and give practical guidance on

how each organisation can dynamically manage those risks and

opportunities they face within their environments.

ATTENTION:

- ASSOCIATE MEMBERS

- CERTIFIED RISK MANAGEMENT PRACTITIONER

MEMBERS (CRM PRAC)

- CERTIFIED RISK MANAGEMENT PRACTITIONER

MEMBERS (CRM PROF)

- FELLOW MEMBERS

Please ensure that you are maintaining your CPD points – this is

a SAQA requirement and therefore must be upheld.

You can obtain CPD points from mentoring others, attending

events, private reading, completion of training courses,

facilitating workshops and the like - in the risk management

space.

Click here for the full breakdown of points.

Click here to view upcoming trainings that will assist you to

maintain your CPD.

Click here to view the Infographic. A simple, step by step guide

to load your CPD points via your online profile.

If you need any assitance, please contact Portia

via portias@irmsa.org.za. Don't delay - load your points today!

IRMSA Student Membership

Students up to the age of 26, who are currently enrolled in a

Certificate/ Degree/ Diploma on a full or part time basis are

eligible for this membership category.

Click here to request your tailor made in-house training.

Excel with courses built on expert knowledge, infused with an

open exchange of ideas. Attend the upcoming IRMSA Training!

Super Summer Training Specials

Save up to 40% on IRMSA training this summer!

Click here to access the Student Forum Website

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Please support our Student Membership Forum – Share

the below information with our future risk champions

today!

For more information contact Roberta on robertag@irmsa.org.za.

Remaining relevant; the risk conundrum that is change

Written by Simon van Wyk, Associate Member, IRMSA

and Principal Risk Lead, Infrastructure Advisory, Aurecon

Have you experienced change within your industry of late, or

know a friend, colleague or family member that has? What I am

referring to here is the notion that our trusted ‘way’ (e.g.

methodologies, approaches, tools and techniques) that once

created the safe haven of the IP masters is no longer cutting it.

This is becoming more and more prevalent across several sectors

and the signs are constantly there as a reminder that ‘disruption’

is the new norm.

Click here for more information and to secure your training

deal.

Risk Maturity Training- 4 December (JHB)

In this course, participants will examine and learn to evaluate

the critical success factors of ERM implementation using risk

management maturity models that cover all aspects of ERM

best practice including risk culture.

Save up to 25% on this course!

SPECIAL: Members: R3 350.00 ex VAT | Non-Members: R

3 950.00 ex VAT

Compliance the Risk Management Way Training- 4

February (JHB)

This course provides practical guidance, knowledge and tools to

elevate the tangible strategic and operational value that a

compliance function can deliver, while effectively dealing with

typical compliance challenges.

Save up to 25% on this course!

SPECIAL: Members: R3 350.00 ex VAT | Non-Members: R

3 950.00 ex VAT

Audit and Risk Committee Training - 6 February (JHB)

The roles and responsibilities for both Directors and Audit and

Risk Committee members have increased greatly in the past

few years driven both from a legislative and governance

perspective. This course provides delegates with a practical

insight into the role and fit of Risk Governance and Risk

Management into the broader governance framework.

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Are you providing answers through your risk

visualisation?

Written by Riaan Bekker, Force Solutions Manager at thryve

Determining risk is complicated - risk managers know this. But

some might say explaining risk to others is even harder. You

can’t simply demonstrate the technical path you followed to

reach your conclusions. This might not only alienate your target

audience, but it’s also insufficient.

Humans don’t calculate risk only through deduction. We weigh

numerous factors that inform our decisions, the data only being a

part of that. While technical methods such as the right

frameworks are very important, the difference between success

and failure in risk is effective communication.

Make an Impact by becoming a Certified Risk

Management Practitioner in 2020

Obtain the Certified Risk Management Practitioner (CRM

Prac) designation by enrolling for the Board Exam I, taking

place 30 June 2020!.

Save up to 25% on this course!

SPECIAL: Members: R3 350.00 ex VAT | Non-Members: R

3 950.00 ex VAT

Risk Management 101 (Intro to Risk Management)

Training - 6 & 7 February (NAMIBIA)

The Risk Management 101 (Introduction to Risk Management)

course identifies and explains the need for risk management

and introduces the delegates to concepts, principles and

standards as outlined by ISO 31000. It is therefore imperative

that risk managers and practitioners keep abreast of these

changes and commit to lifelong learning and ensure the

currency of their knowledge, skills set and technical

competence.

Risk Management 101 (Intro to Risk Management)

Training - 11 & 12 February (JHB)

The Risk Management 101 (Introduction to Risk Management)

course identifies and explains the need for risk management

and introduces the delegates to concepts, principles and

standards as outlined by ISO 31000. It is therefore imperative

that risk managers and practitioners keep abreast of these

changes and commit to lifelong learning and ensure the

currency of their knowledge, skills set and technical

competence.

Save up to 40% on this course!

SPECIAL: Members: R 4 250.00 ex VAT | Non-Members: R 5

000.00 ex VAT

Public Sector ERM & Aligning Risk to Strategy &

Performance Training- 12 & 13 February (LIMPOPO)

Risk Management is about better decision-making relating to

the setting and achieving of business strategy and objectives. It

is important that organisations have a clear understanding of

More Info Apply NowMore Info Book Now

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Risk Managers who have this designation will be able to

assist businesses to better understand the multiple risks

they face in a holistic and comprehensive manner, as well

as provide assistance and guidance in providing effective

risk management capability in their organisation.

Registration Closing Date: 28 February 2020

the risks that impact on strategy and the likelihood of them

materialising.

Save up to 40% on this course!

SPECIAL: Members: R 4 250.00 ex VAT | Non-Members: R 5

000.00 ex VAT

Risk Identification Training- 18 February (JHB)

Identifying risks is the foundation of any risk management

programme, if you don’t get this right it will affect the entire

risk management process. This course offers tried and tested

techniques and tools to assist delegates to gain knowledge on

business tools i.e. SWOT, PESTLE, 5M’s, value chain etc, make

the link to understanding organisational objectives, the

commercial aspects of “business” - why we exist.

Save up to 25% on this course!

SPECIAL: Members: R3 350.00 ex VAT | Non-Members: R

3 950.00 ex VAT

Risk Based Combined Assurance Training- 20 February

(JHB)

Combined Assurance has been a buzz term in the assurance

fraternity since King III. While some organisations have come

to terms with it and established clearly defined combined

assurances processes there are still a significant number that

have either not begun or are navigating their way towards

what may be considered best practice in their industry.

Save up to 25% on this course!

SPECIAL: Members: R3 350.00 ex VAT | Non-Members: R

3 950.00 ex VAT

Risk Management for Risk Champions Training- 25 & 26

February (JHB)

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Risk Management for Risk Champions provides a detailed

insight into Enterprise Risk Management and practical guidance

for the application of methodologies for undertaking the

required risk management activities such as Risk Assessments,

Control Assessments and Risk Management Reporting.

Save up to 40% on this course!

SPECIAL: Members: R 4 250.00 ex VAT | Non-Members: R 5

000.00 ex VAT

Risk & Strategy - Integrating tools and Processes

Training - 27 & 28 February (JHB)

This two-day interactive training course investigates the

different set of skills and more importantly, mindsets, to ensure

a common purpose and defining new ways to manage strategy

and risk effectively in an ever changing and uncertain world. It

will expand the strategic thinking and help ensure tight

integration between strategy and risk processes.

Save up to 40% on this course!

SPECIAL: Members: R 4 250.00 ex VAT | Non-Members: R 5

000.00 ex VAT

The Institute of Risk Management South Africa

Tel: +27(0)11 555 1800 | Fax: +27(0)86 647 6191 | Email: communications@irmsa.org.za

1st Floor, Block A, Grayston Ridge Office Park, 144 Katherine Street, Sandton, 2196

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